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Discovering Your Dream Property for Sale in Turkey

Published on Nov 12, 2022
Updated on Jan 5, 2025
Kourosh Soleymani

Property for Sale in Turkey: A Strategic Investment Opportunity

The Turkish real estate market has been facing significant challenges since the beginning of 2024. However, for savvy investors, this period presents a unique opportunity to make strategic decisions that can yield substantial returns in the future. At Homes Gravity, we provide insights to help you navigate these market dynamics and make informed investment choices.

Understanding the Current Property Market Conditions in Turkey

The Turkish property market is experiencing a downturn, characterized by:

Low Demand

A lack of buyers has created an oversupply of property for sale in Turkey, leading to decreased prices. Sellers are often willing to negotiate significantly, especially for cash buyers.

High Inflation

Despite the decline in property prices, Turkey’s inflation rate remains high, creating a divergence between property values and economic conditions.

Decreasing Property Prices

Prices in many regions have dropped by 10-20% since the start of 2024. For example, homes that were listed for $150,000 are now available for $120,000 in some areas.

Property for sale in Turkey - The Best Strategy for Buying Property

Given the current market conditions, here is the recommended approach for investors:

Buy Homes in Cash

Sellers are more willing to offer significant discounts to cash buyers. For example, cash buyers can often secure properties at 15-20% below market value, making this the most advantageous way to purchase.

Focus on Cheap Properties

Look for discounted properties in desirable locations. For instance, in Antalya, homes previously priced at $2,500 per square meter are now available for $2,000 per square meter.

Keep the Property Empty

Renting out your property may seem like a logical choice, but the current tenant-favorable laws and increased taxes on rental income make it less appealing. Keeping the property empty avoids legal and financial complications.

Be Patient and Wait

The market is expected to recover due to inflation and the divergence between property prices and economic trends. A significant price surge is likely on the horizon, making now the perfect time to invest and hold.

Why a Price Surge is Imminent

The following factors suggest a future wave of rising prices of property for sale in Turkey:

Inflationary Pressures:
- High inflation is expected to push property prices upward in the medium to long term. Historically, Turkish real estate prices have aligned with inflation trends after periods of decline.
Market Cycles:
- Real estate markets are cyclical. After a downturn, the recovery phase often brings rapid price increases. Experts predict a potential 30-40% rise in property values within the next 2-3 years.
Increased Demand:
- As economic conditions stabilize, demand for properties is likely to return, especially from foreign investors seeking opportunities in Turkey.

Property For sale in Turkey - Statistical Insights and Data

Cash Discounts on Properties in Turkey

Property Type

Region	Average Price USD per m² (2023)	Average Price USD per m² (2024)	Change Percentage
Istanbul	3000	2400	-20%
Antalya	2500	2000	-20%
Izmir	2200	1900	-14%

Recommendations for Smart Investors

Buy Now, Hold for the Future:
- Purchase discounted properties during the downturn and wait for the market to recover for significant gains.
Avoid Renting:
- Current regulations and taxes make renting less profitable. Keeping the property empty avoids unnecessary headaches.
Focus on Key Locations:
- Invest in properties in high-demand areas like Istanbul, Antalya, and Izmir, where price recovery is expected to be strongest.
Work with Professionals:
- Navigating the market requires expertise. At Homes Gravity, we help you identify the best deals and provide tailored advice.

The current downturn in Turkey’s real estate market presents a rare opportunity for investors. By purchasing properties at discounted prices and holding them until the market recovers, you can position yourself for substantial returns.

If you’re ready to invest or have questions about the market, contact Homes Gravity today. We’re here to help you seize this opportunity and achieve your real estate goals in Turkey.

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